Valvoline $VVV Position Cut by Redmond Asset Management LLC

Redmond Asset Management LLC reduced its position in shares of Valvoline (NYSE:VVV) by 66.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,268 shares of the basic materials company’s stock after selling 33,741 shares during the period. Redmond Asset Management LLC’s holdings in Valvoline were worth $520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Valvoline during the 1st quarter valued at $28,000. Integrated Wealth Concepts LLC purchased a new position in shares of Valvoline in the second quarter valued at $35,000. Elevation Wealth Partners LLC acquired a new stake in shares of Valvoline during the third quarter valued at about $34,000. Cedar Mountain Advisors LLC acquired a new stake in Valvoline during the 1st quarter valued at approximately $42,000. Finally, Bullseye Investment Management LLC acquired a new stake in Valvoline in the second quarter valued at $54,000. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VVV shares. Royal Bank Of Canada lowered their price objective on shares of Valvoline from $49.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, October 21st. Piper Sandler reiterated an “overweight” rating and set a $44.00 price target on shares of Valvoline in a research report on Wednesday, July 29th. UBS Group set a $40.00 price target on Valvoline in a report on Wednesday, October 14th. Stephens lifted their target price on shares of Valvoline from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Finally, Citigroup lowered their price objective on shares of Valvoline from $41.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.17.

Valvoline Stock Down 0.5%

Shares of VVV stock opened at $31.72 on Thursday. The stock’s 50 day simple moving average is $30.73 and its 200 day simple moving average is $34.33. Valvoline has a twelve month low of $26.21 and a twelve month high of $41.08. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.58 and a current ratio of 0.70. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 39.65 and a beta of 1.03.

Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. The firm had revenue of $544.60 million for the quarter, compared to the consensus estimate of $543.21 million. Valvoline had a net margin of 5.17% and a return on equity of 65.12%. The business’s quarterly revenue was up 24.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. Valvoline has set its FY 2026 guidance at 1.700-1.750 EPS. As a group, research analysts predict that Valvoline will post 1.76 EPS for the current year.

Valvoline declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, September 29th that permits the company to repurchase $175 million in shares. This buyback authorization permits the basic materials company to purchase up to 4.8% of its stock through open market purchases. Share buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Valvoline

In related news, CAO Jordan Denny bought 1,506 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of $33.20 per share, with a total value of $49,999.20. Following the completion of the transaction, the chief accounting officer owned 4,121 shares of the company’s stock, valued at $136,817.20. The trade was a 57.59% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Julie O’Daniel sold 3,700 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $33.81, for a total transaction of $125,097.00. Following the completion of the sale, the insider owned 14,279 shares of the company’s stock, valued at approximately $482,772.99. The trade was a 20.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.66% of the company’s stock.

Valvoline Profile

Valvoline Inc (NYSE: VVV) is an automotive maintenance services company that operates and franchises Valvoline Instant Oil Change service centers. Its locations provide preventive vehicle maintenance designed to help drivers keep their cars operating reliably and extend the useful life of key components.

The company’s services include oil changes, fluid replacement and top-offs, battery testing and replacement, air-conditioning services, tire rotation, tire services, and replacement of filters, wiper blades, and other routine maintenance items.